Singapore bank UOB's core net profit jumps 37% on rising rates

SINGAPORE (Reuters) - United Overseas Bank reported on Thursday a 37% increase in quarterly core profit as rising interest rates swelled net interest income at Singapore's smallest listed lender.

The Southeast Asian-focussed bank's core net profit rose to S$1.39 billion ($1.04 billion) in October-December from a year earlier, compared with an average estimate of S$1.2 billion from two analysts polled by Refinitiv. Including one-off expenses, UOB posted net profit of S$1.15 billion.

(Reporting by Anshuman Daga; Editing by Richard Chang)